Ethereum Name Service Price Hits $14.77 on Exchanges (ENS)

Ethereum Name Service (ENS) traded 5.3% lower against the dollar during the 24-hour period ending at 21:00 PM Eastern on April 24th. One Ethereum Name Service token can now be bought for about $14.77 or 0.00022963 BTC on exchanges. Ethereum Name Service has a total market capitalization of $460.48 million and approximately $29.75 million worth of Ethereum Name Service was traded on exchanges in the last day. In the last seven days, Ethereum Name Service has traded 10.7% higher against the dollar.

Ethereum Name Service Token Profile

ENS is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,179,978 tokens. The official website for Ethereum Name Service is ens.domains. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. Ethereum Name Service’s official message board is ens.mirror.xyz.

According to CryptoCompare, “Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain created by the Ethereum Foundation and developed with the help of a community of developers. It is used to create human-readable names for Ethereum addresses to identify counter-parties and transfer funds quickly, securely and without the need for long addresses.”

Buying and Selling Ethereum Name Service

It is usually not presently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to trade Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView